Frequently Asked Questions About NHB, BRBNMPL, NABARD, DICGC---IBPS PO/CLERKS/ SBI/LIC/SSCGL/IAS

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Frequently Asked Questions About NHB, BRBNMPL, NABARD, DICGC

1) NHB stands for:

Ans – National Housing Bank

2) National Housing Bank was set up on __?

Ans – 9 July 1988 under the NHB Act 1987

3. ___is an apex financial institution for housing?

Ans – NHB

4) The Head Office of National Housing Bank is at:

Ans – New Delhi

5) HFC stands for:

Ans – Housing Finance Company

6) An HFC is Required to have Minimum net owned Fund of____ ?

Ans – 1000 Lakh

7) HFCs can accept public deposits for a period of __ ?

Ans – 1 to 7 years

8) What does G stands for in DICGC?

Ans – Guarantee

9) In which year DICGC was established?

Ans – 15 July 1978 under DICGC Act 1961.

10) Which two organisations were merged to form DICGC?

Ans – With a view to integrating the functions of deposit insurance and credit guarantee , Deposit Insurance Corporation (DIC) and Credit Guarantee Corporation of India Ltd. (CGCI) . were merged and the present Deposit Insurance and Credit Guarantee Corporation (DICGC) came into existence on July 15, 1978. Consequently, the title of Deposit Insurance Act, 1961 was changed to “The Deposit Insurance and Credit Guarantee Corporation Act, 1961 “.

11) What is the maximum deposit amount insured by the DICGC?

Ans – Rs 1,00,000

12) Who acts as the Chairman of Board of Directors of DICGC?

Ans – Deputy Governor of RBI. Presnt Chiarman is – Shri N.S.Vishwanathan (As updated on 25 February 2017)

13) What is the authorized capital of DICGC?

Ans – Rs 50 crore

14) What is Reserve Bank of India(RBI)′s stake in DICGC?

Ans – 100%

15) Where is the Headquarter of DICGC located?

Ans – Mumbai

16) Who regulates rural sector financing in India?

Ans – NABARD

17) NABARD stands for:

Ans – National Bank for Agriculture and Rural Development

18) ‘NABARD’ came into existence on:

Ans – 12 July 1982 under the NABARD ACT, 1981

19) ‘NABARD’ was dedicated to Prime Ministers:

Ans – Indira Gandhi

20) What is Reserve Bank of India(RBI)′s stake in NABARD?

Ans – 0.40%

21) NABARD was set up with an initial capital of __?

Ans – Rs. 100 Crore

22) Chairman of ‘NABARD’ is?

Ans – Harsh Kumar Bhanwala

23) Headquarter of ‘NABARD’ is located at?

Ans – Mumbai, Maharashtra

25) NABARD was established on the recommendations of?

Ans – Shivaraman Committee

Source: GK buddy

Important News

1. New President of India – Ram Nath Kovind (14th)

2. New Vice President of India – M.Venkaiah Naidu (13th)

3. New Chief Justice of India – Dipak Misra (45th)

4. New Vice Chairman of NITI Ayog – Rajiv Kumar

5. New Defence Ministry – Nirmala Sitharaman

6.New Railway Ministry – Piyush Goyal

7. New Commerce and Industry Ministry – Suresh Prabhu

8. RBI Governor – Urjit Patel (24th)

9. Chief Election Commissioner – Achal Kumar Jyoti (21st)

10. Governor of Tamil Nadu – Banwarilal Purohit

11. Governor of Arunachal Pradesh – B.D. Mishra

12. Governor of Bihar – Satya Pal Malik

13. Governor of Assam – Jagdish Mukhi

14. Governor of Meghalaya – Ganga Prasad

RBI CURRENT RATES

Policy Rates

1. Repo Rate = 6.00%

2. Reverse Repo Rate = 5.75%

3. Marginal Standing Facility Rate (MSF) = 6.25%

4. Bank Rate = 6.25%

Reserve Ratio

1. Cash Reserve Ratio(CRR) = 4%

2. Statutory Liquidity Ratio(SLR) = 19.5%  (21,2,2018)

source  :   100% FOCUS ON IBPS 

20th october 2017